Bow Wow Owes $284,000 On His Leased Ferrari From 2010

Gotta say … we were scoffing at Bow Wow this week when he told a child custody judge he was only pulling in $4,000 a month … and then announced just hours later he was becoming the host of 106 & Park … but we just found some documents that show creditors have been chasing him for 3 years over a car.

B.W. leased a 2005 Ferrari F430 back in 2008. It didn’t take long for the rapper to fall behind, because in February, 2009, the leasing company sued him and got a judgment for $216,084 … oh, and 75 cents.

Since getting the judgment, the leasing company has been on the hunt for payment, using a collection agent to track down Bow Wow.

Mr. Wow never paid, and now with interest the judgment has swelled to $283,785 … oh, and 13 cents.

Bow Wow told the custody judge he only had $1,500 in his bank account and leases a jeep. Wow, maybe Bow was telling the truth.

All we know is, we better not find out that he paid off this Ferrari before he paid his baby mama…